Tutorial | How To Use ATR & Volume Profile To Project Highs/Lows

29 août 2021

There are many ways to project price levels when looking at uncharted territory (e.g. new highs). Elliot Wave, Gann, fractals, Fibonacci, or a measured move, all are methodologies that can provide levels to watch to predict range expansion when there is no price to reference.

In this lesson, I show how to use another approach, utilizing the 7-Day Average True Range (ATR) and the prior session Point of Control (POC).

Settings
ATR
Period: 7 Day
EMA

P.S. I didn't mention in the video, but check out how well an ATR Projection worked leading into Jackson Hole Friday. 4470 prior day POC to a high the next day at 4510. I went to California schools, so math ain't my strong suit, but I think that's 40 points or 1 ATR.

29 août 2021

Note

31 août 2021

Note

Ding, ding - ES almost hits 4546, the ATR projected high, in the next day session. 8/30 Daily High print 4542.25
NQ exceed 1ATR move to high print of 15677, more than 1 ATR move.